On and Offsite Inspections

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作者：

Hafeman, Michael

来源地址：

http://hdl.handle.net/10986/27500

关键词：

INSURANCE;  ACCESS TO INFORMATION;  ACCOUNTING;  ACCRUAL ACCOUNTING;  ACTION PLANS;  ACTUARIES;  AGRICULTURAL INSURANCE;  ANNUAL FINANCIAL STATEMENTS;  AUDITORS;  BANK DEPOSIT;  BANKS;  BEST-PRACTICE;  BUSINESS MODELS;  CAPABILITY;  CAPITAL MARKETS DEVELOPMENT;  CATASTROPHIC EVENTS;  CENTRAL BANK;  CLAIM PAYMENT;  COMPUTERS;  CONFIDENTIALITY;  CONSUMER PROTECTION;  CONSUMERS;  CONTROL SYSTEM;  CORPORATE GOVERNANCE;  DEPOSIT;  DEPOSIT TAKING INSTITUTIONS;  DERIVATIVE;  DERIVATIVE PRODUCTS;  DERIVATIVES;  E-MAIL;  EARNED PREMIUM;  ELECTRONIC DOCUMENTS;  FINANCES;  FINANCIAL INFORMATION;  FINANCIAL INSTITUTIONS;  FINANCIAL REPORTING;  FINANCIAL REPORTS;  FINANCIAL SECTOR;  FINANCIAL SERVICES;  GLOBAL CAPITAL;  GLOBAL CAPITAL MARKETS;  HOUSING FINANCE;  INSPECTION;  INSURANCE COMPANIES;  INSURANCE INDUSTRY;  INSURANCE MARKET;  INSURANCE SUPERVISION;  INSURANCE SUPERVISORS;  INSURER;  INTEGRITY;  INTERNAL AUDIT;  INTERNAL CONTROL;  INTERNATIONAL BANK;  INVESTMENT ACTIVITIES;  INVESTMENT MANAGEMENT;  INVESTMENT POLICY;  INVESTMENT PROCESS;  ISSUANCE;  JURISDICTIONS;  LEGAL OBLIGATIONS;  LEGAL RISK;  LICENSE;  LIFE INSURERS;  MARKET CONDITIONS;  MARKETING;  MATERIAL;  MICROINSURANCE;  MONETARY FUND;  NECESSARY SKILLS;  OPERATIONAL RISK;  OUTSOURCING;  PAYMENT DATA;  PENSION;  PENSION FUNDS;  POLICYHOLDERS;  PRIVATE REINSURANCE;  PRIVATE SECTOR;  PRIVATE SECTOR DEVELOPMENT;  PROGRAMS;  PROTECTION INSURANCE;  PROTECTION OF POLICYHOLDERS;  PRUDENTIAL REGULATION;  PRUDENTIAL SUPERVISION;  RAW DATA;  REGULATOR;  REGULATORY REQUIREMENTS;  REINSURANCE;  RELIABILITY;  RENEWALS;  RESULT;  RETURN;  RISK ASSESSMENT;  RISK MANAGEMENT;  RISK PROFILE;  SANCTIONS;  SAVINGS;  SHAREHOLDERS;  SUPERVISION;  SUPERVISORY AGENCY;  SUPERVISORY AUTHORITIES;  SUPERVISORY AUTHORITY;  SUPERVISORY FRAMEWORK;  TECHNICAL ASSISTANCE;  TECHNOLOGY RISK;  TELEPHONE;  TIME PERIOD;  UNDERWRITER;  UNDERWRITING;  VALUATION;  VERIFICATION;  Report; 

年份：

2009

出版地：

Washington,USA

语种：

English

摘要：

An inspection is an official examination or review. The term 'onsite' means that the inspection takes place wherever the subject of the inspection happens to be located. In the insurance sector, supervisory authorities perform onsite inspections of insurers and intermediaries. Inspections sometimes extend to other entities that can affect the operations of insurers and intermediaries, such as affiliated companies and providers of outsourced services. A full-scale onsite inspection is a wide-ranging look at the finances and operations of an insurer. It can greatly assist the supervisory authority in arriving at a comprehensive assessment of the insurer's risk profile, viability, and compliance with requirements. Full-scale inspections can consume a lot of supervisory resources. A focused inspection looks at selected aspects of an insurer's finances or operations. They can often be performed more quickly and with fewer resources than a full-scale inspection, which is particular important if a specific supervisory concern has arisen and needs to be investigated. The flexibility to use both full-scale and focused inspections, as the situation may require, enables a supervisory authority to use available resources effectively and efficiently.